The Maico 500 was introduced in 1955 and used the 452cc Heinkel 18hp engine. Maico was originally founded in 1926 as a motorcycle manufacturer but due to low sales the company purchased Champion and rebranded their Champion 500.

This car was part of the The Bruce Weiner Microcar Museum that included almost 200 cars. The collection grew for 15 years and was featured in its own museum in Madison, Georgia. The owner of the collection, Bruce Weiner, decided to sell it in auction in the beginning of 2013.